Crypto sentiment has inched into the “extreme greed” zone as the industry awaits potential news that spot Bitcoin exchange-traded funds have been approved.
The Crypto Fear and Greed Index has tipped into the “extreme greed” zone as the industry awaits with bated breath for an approved spot Bitcoin (BTC) exchange-traded fund (ETF).
According to the Crypto Fear & Greed Index, Bitcoin’s market sentiment score is currently at 76 out of a possible 100 — its highest score since Bitcoin hovered around its highest price of $69,000 in mid-November 2021.
The Bitcoin sentiment index briefly tipped into “extreme greed” on Dec. 5 at a score of 75. Bitcoin broke the $40,000 mark on Dec. 4 and surged to $44,000 a day later.
